Morgan Stanley Bank to price market-linked capped CDs tied to S&P 500

By Marisa Wong

Los Angeles, July 24 – Morgan Stanley Bank, NA plans to price 0% market-linked capped certificates of deposit due July 30, 2026 linked to the S&P 500 index, according to a term sheet.

The payout at maturity will be par plus any index gain, up to a maximum supplemental amount of $400 to $450 for each $1,000 deposit amount.

If the index falls, the payout will be par.

Morgan Stanley & Co. LLC is the agent. Advisors Asset Management is distributor.

The CDs will price July 25.

The Cusip number is 61765QZY8.

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